Online gambling is currently one of the most popular and fastest growing market segments in the world. The popularity is not only due to the fact that players can play in a convenient and anonymous way without being in a casino with other players, but also because of the massive revenue potential. The global online gambling market is currently estimated to reach a size of US $25 billion in 2016 and is predicted to grow to $47.5 billion by 2025. The revenue of the online gambling market in the U.S. in 2013 is estimated at $7.5 billion, with a growth rate of 23.4%. For 2016 the market size of the U.S. online gambling market is estimated to be around $11 billion. With an increasing population and new technology leading to an increased ease of access and to a larger number of players, judi casino online asia online gambling is poised to grow further in the coming years.
In spite of the increasing popularity of online gambling, many countries have put strong restrictions on the playing of online gambling by residents of their country. In the U.S., for instance, online gambling is legal but only for residents who are 21 years or older. Similarly, in Australia, online gambling is illegal for residents under 18 years of age and players must be over 18 to legally play.
In countries that allow online gambling, there is a lack of legal clarity around the fact that online gambling operators do not collect taxes for any revenues generated from their sites. Hence, they have little motivation to cooperate with taxation authorities. Online gambling is, therefore, an attractive business for tax evaders and money launderers.
Both consumers and governments expect online gambling operators to protect against fraudulent and illegal activity. The recent increase in activity by online gambling operators and the number of users have raised concerns that they are supporting criminal activities and facilitating the distribution of online child pornography. The online gambling industry needs to establish that it is in fact compliant with the industry’s stated business goals.
The objectives of this study are as follows:
(i) Provide a complete market sizing of the global online gambling market based on revenues and player numbers in 2015. The market analysis includes a detailed market segmentation by country, judi casino online asia by means of internet/application penetration and by means of gaming and wagering penetration.
(ii) Evaluate and forecast the worldwide market for online gambling operators by geographical regions in relation to revenues and player numbers.
(iii) Evaluate the competitive landscape of the global online gambling market, to enable our clients to develop effective R&D strategies.
(iv) Analyze the digital and non-digital opportunities, including mobile opportunities.
(v) Analyze the regulatory environment of the online gambling market in various regions.